Build America Bonds
Build America Bonds are a taxable municipal bond created under the American Recovery and Reinvestment Act of 2009 that carry special tax credits and federal subsidies for either the bond holder or the bond issuer. Many issuers have taken advantage of the Build America Bond provision to secure financing at a lower cost than issuing traditional tax-exempt bonds. The Build America Bond provision is open to governmental agencies issuing capital expenditure bonds before January 1, 2011.
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Famous quotes containing the words build, america and/or bonds:
“Lovely the woods, waters, meadows, combes, vales,
All the air things wear that build this world of Wales.”
—Gerard Manley Hopkins (1844–1889)
“If violence is wrong in America, violence is wrong abroad. If it is wrong to be violent defending black women and black children and black babies and black men, then it is wrong for America to draft us, and make us violent abroad in defense of her. And if it is right for America to draft us, and teach us how to be violent in defense of her, then it is right for you and me to do whatever is necessary to defend our own people right here in this country.”
—Malcolm X (1925–1965)
“Oh! I have slipped the surly bonds of earth,
And danced the skies on laughter-silvered wings ...
And while with silent lifting mind I’ve trod
The high, untrespassed sanctity of space,
Put out my hand and touched the face of God.”
—John Gillespie Magee (c. 1922–1941)